Post
Topic
Board Bitcoin Technical Support
Merits 2 from 1 user
Re: What happens if the hashrate drops by 50% at once?
by
LoyceV
on 29/11/2022, 20:51:43 UTC
⭐ Merited by pooya87 (2)
About a year ago, at $70k we had 22.6 trillion difficulty. Currently, at $16k, we have 36 trillion difficulty. Apparently, hash rate isn't mainly affected by the price.
I think it's safe to assume the hash rate would have been much higher now if Bitcoin would have been at $100k now. The fact that it still went up is probably because new mining hardware got more powerful, but miners have much less money to spend.